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'Wake up call:' Business council urges fiscal restraint to support economic growth

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'We simply can’t keep spending money that we don’t have.'

Goldy Hyder, the head of the Business Council of Canada, delivered what he called a “wake up call” on Wednesday, urging the federal government to focus on fiscal responsibility to help boost economic growth in Canada.

"Our considerable competitive advantages have lulled us into a sense of complacency. We’re content with settling for 'good enough'," Hyder said on Wednesday. "Our federal debt has more than doubled over the last three years," he said. "We simply can’t keep spending money that we don’t have." "It will also put in jeopardy the social programs Canadians value. This is precisely what we must avoid."

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